IGV
iShares Expanded Tech-Software Sector ETF
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-50.00% Today
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Silver Lake in talks to buy Workday, sources say
IBM's 25% one-day crash: the mechanism (customers front-running memory prices out of a fixed IT budget) matters more than the headline miss)
Almost lost everything. I promise not to be stupid again…for now 😂
Genuinely what on earth is going on with software right now? This is completely unhinged.
IGV just hit its longest losing streak since 2001. This software dump makes absolutely zero sense considering what we know as of today.
If ORCL is a “AI” company what it’s doing in IGV?
The SaaSpocalypse is over - 50k+ in gains on SaaS Names
Why TTD will rally soon and I'm putting 250k in calls
250k YOLO, TTD to the moon for world cup + IGV breakout
SPX at 21x P/E with 30-yr at 5.08% — is this a "mania phase" or just a new regime for rates?
I thought it was supposed to be a rotation???
What’s your opinion on selling All Tech Heavy Stocks soon and moving to SP500 $VOO?
My portfolio is bleeding from the SaaS selloff. I spent a week researching whether this is a buying opportunity or a value trap. What I discovered shocked me!
This IGV selloff is getting ridiculously extended to the downside
Bitcoin just went over $70k and software stocks are ripping. What happened?
What tech ETFs will Anthropic and OpenAI be included in once they IPO?
I spent $9,600/year on Substack newsletters so you don't have to. Here's who actually makes money.
Updated thoughts on buying IGV ETF or single SaaS stocks? Is the SaaSpocalpyse overblown and irrational? Buy the blood now?
he Great 2026 Rugpull: Why BTC to 50k, CVNA to $0, and the Trump Family Exit is the Ultimate Top Signal 📉🚀
15 years of near-perfect correlation between the NDX and software (IGV)...now the widest divergence on record
Software stocks and BTC appear to be moving together in lockstep. Metals fell hard too. Doesn't this imply AI is not the primary factor in the "SaaSpocalypse" story?
Investors are placing massive bets on a software sector recovery
If this isn't a dot-com level event, then now is more or less the time to buy software
IGV $7.7M Contrarian Call: Gamma Floor at 84, Vanna Target 95-100
ETF and Market Evaluation for week of 02/21/2023
ETF and Market Evaluation for week of 02/21/2023
ETF and Market Evaluation for week of 02/21/2023
ZM died after earnings, here's my next earning play for tonight: SNOW
Salesforce stock rallies on earnings beat, hiked outlook - $CRM
Going against the tide on growth. Simply do not care.
Cloudflare - Thoughts on possible growth speedup (mild hopium)
IGV is Showing Potential to be a Lucrative Investing Opportunity
Watch List For 3/26/2021 -- Look you need to research 'Sector Rotation'.
Mentions
IGV big up cus CRM SMH big up cus NVDA We are really cooking
CRM software IGV is the new rotation MSFT next
MSFT gonna move with IGV
I hope intuit can dump the rest of the IGV so I can sell these puts. Please lord
Intuit might dump the e entries IGV again?! Puts?
Can the IGV just die so I can stop managing this bumass position. I don’t even want to be in these puts anymore
Lol bought 95$ IGV put and jumped 17% in 5min. Love this market
Closed all my PLTR puts, I was gonna get my face ripped off I could feel it. IGV puts working wonders though
good value + Relative strength in that theme. Like wday new today -> IGV -> SAAS -> CRM, INTU probably up big tomorrow/next week, 5-10% is not much.
I think today was the last pump of IGV. Tomorrow top and its SMH turn
ALL THE SOFTWARE ON $IGV moving up
so they take profits from semis and run up IGV
why am i buying a 1% IGV dip, software is all 150 p/e dogshit
30 IGV 90$ Dec puts and some pltr yolos
IGV has played this tape once already in June. I’m expecting a repeat
PLTR is probably fine but IGV?
I'm actually thinking IGV calls when it drops a bit? Or is there any better theme at the moment
Im gonna start an OnlyFans with market advice like that and feet pics. Would you sub? But long 4x NVDA calls Dec26 $200. Plus closed out 50k in IGV amzn PLTR and MSFT calls over past few weeks. Average in and out. The best managed and positioned hyperscalers, SaaS, and chip companies win this race. But it’s a bubble and will pop…. Eventually. A little leverage until the music slows. Ie people start doing obscure shit with these AI hardware backed securities with leverage. And it gets systematic. It’s early though but I’m watching china semi industry too and data center economics. But who knows, ai singularity might enslave us all before blows up
yeah luckily i hold AMZN and IGV so i've been getting some of the saas recovery.
look at that buy program on IGV on the 1 minute chart. just green bars the entire day
Just buy IGV and chill.
Get your IGV Poots while they are still cheap. SaaS is the new Staples - flight to safety when AI/Memory complex shakes out.
$IGV probably about to have a very fun Friday. Twilio, Atlassian, Cloudflare & JFrog all showing better than expected fundamental strength. Software flexing its muscles.
Why is the IGV down so much
Micron is going up so naturally IGV is fucking gone
IGV is the new market leader now
IGV up 10% in a week. Many names up way more
My CIBR and IGV August calls might be saved
good shit on making those losses small, Im not feeling good about any more rallies on QQQ/tech in general this week, I personally think SNDK will dump since whatever Wallstreet expects, it will be impossible to meet I think IGV is still going to rally and it will get to 110, this week, we shall see
DDOG thursday tomorrow pre-market could be good, I have IGV calls to play it
Were we looking at the same earnings?! They were phenomenal. SOX and IGV are doing great. Capital seems to be rotating back into tech. You’re crazy to short this trend, imo.
IGV up 3% SMH up 4% correlation ppl in shambles as well
Holy shit balls IGV is mooning.
IGV and MAGS running the show. how can you say the QQQ's arent any worse than the KOSPI?
SOXS is sort of a hedge bet against tech and AI. It’s a leveraged bear. IGV is a bit in favor of software. But the thing is, I just don’t want to touch any software or hardware or semiconductor or anything to do with the tech sector right now.
There goes Citadel. Intraday reversal on IGV now pumping semis. MU probably 900 tomorrow
MU and all the semi names were one of Leopolds largest leveraged positions. Why tf do you think they been pumping all year. Citadel’s job was to unwind it and get to a neutral playbook. Which means pump their semi bags and sell into the strength. They have also been aggressively short software. How to fix it? Attack IGV lower and cover.
I want to buy IGV puts so bad, but I've gotten burned on those for the last week
Because Goldman, JPM, BAC, all gave it to him. I'm sure he'll use the language of Long Term Capital Management, run by Nobel-winning profs, who said it was a six-sigma event. I mean, what are the chances that Russian markets could collapse at the same time as the Ruble? Inconceivable! What are the odds that IGV could rally (the funding source for SMH this year) at the same time semis could crash? He's got a balanced book guys. He is hedged. He won a math prize. Give him 4x margin!
Leopold Aschenbrenner sold their entire port to some other hedge fund. And they were aggressively short software and long semis. Thats why this pair is working again today. They’ve picked up where old Leopold left off. But my guess is they will work to unwind all this leverage. Which means they will pump semis and sell into it. They will short IGV and cover into it. Taking profits along the way until they are more neutral in this midterm year. Careful chasing anything here.
The market can’t make new highs so long as it keeps selling one thing to buy another. Just churning money around. Today back to shorting IGV and selling equal weight S&P to buy semis.
And this new fund will just go right back to shorting the same shit they were before (software). Guessing IGV will get hammered soon.
Why is IGV flat when MSFT is up 9%? What’s pulling it down?
There were massive foreign outflows in Korea that I didn't initially understand, but Wall Street knew that the Korean government was going to go more nanny state on Korean markets. I think 2x and 3x funds are toxic, but I still want them so I don't have to worry about wide spreads after a flash crash. Algos drive most of the market, and to the Algos, MU, my favorite stock still, should move in tandem with Korean memory via many pairs trades frameworks. Every crisis is an opportunity though. Wall Street got out because of the Aug 5th cliff and new Korean market regulations to hamstring retail, in my opinion. It took me a week to figure out why big money fled Korea. None of this helps Korea get out of emerging market baskets and into MSCI, which is really what they need. They might go even less free market and crack down on shorting. Who knows. They still suffer from 1998 Asian Contagion shell shock currenty-protection and market protection policies. These are policies that sound good on paper, but I think they only make volatility worse. I will be following foreign inflows into Korea, when they happen. Hedge funds are usually a bit ahead of me, but they have SOTA research. There is always a chance that Wall Street will buy the news shortly before or shortly after the Aug. 5 leveraged fund cliff. Another concern, we have been talking about the top end of the K hanging in there and still buying, supporting the economy, while the bottom 80% has been reducing its spending. I think Asia and the Mid East have shown signs of top-end stress. Luxury purchases are way down in GCC countries, predictably, but also in Asia. We are draining our SPR at record rates, though from near-record levels. China has stopped buying oil at scale, they have the biggest SPRs by far. When the US drain the SPR stimulus goes away, that could be real trouble and a real liquidity crisis. We see blowouts in AI complex CDS spreads, but no broader debt contagion, but, in a liquidity crisis, fundamentals won't shield you from short term losses. Wall street is back into IGV, the funding source for semis, and bidding up healthcare and Oil and fertilizer stocks, a standard flight-to-safety book. But big picture, a lot of cash flow machines with ramping top and bottom lines and ramping margins (all of memory right now from HBM to hard drives). The ramp in memory names perfectly coincided with the ramp in use of agentic frameworks. Is the first order signal (Anthropic makes more money every quarter) going down? If no, every crisis is an opportunity if you can hold risk long enough.
No positions in the names mentioned. I don't think it's a stable inverse relationship; this looks more like a crowded-trade unwind. Memory had extreme pricing and earnings expectations, while beaten-down SaaS had become the funding source for that trade. I'd compare IGV and SOXX on normal days, not just memory selloff days. If they keep moving opposite for a few weeks, there may be a factor relationship. If it only happens when memory gets hit, it's rotation, not a useful hedge.
Exactly, look up IGV/SOXX on TradingView.
IGV about to have its DRAM arc
we will soon move on from this IGV:SOX dichotomy and MSFT will be ok
software supercycle gonna start up soon. Buying big in IGV
Guess I’m buying more IGV.
Since last October IGV has been pretty highly correlated with Bitcorn. Which means either 🌽 pumps today because all software is pumping premarket. Or it means they will rug the shit out of software at the open. Which also means they probably run chips because algos keep enforcing that weird trade pair where chips inverse software. I’m tired boss. What’s the plan here today hedge fund pricks.
IGV up 3.5% pretty much every big name software name is up including POS Oracle
IGV went from 85 to 91. Not sure I'd call that big green
u/ronblake hey chief how we feeling about semis? LMFAO. down 20% in 3 months, meanwhile IGV big green last 3 months. dont ever doubt the rotation again dumbo
fuck it ill get some IGV i gbuess
You’re not watching the right tickers. Look at the equal weight S&P ticker RSP Look at software IGV
I would stay TF out of software. When it starts to demonstrate AI returns and when the stock issuance has been flowing trough. THEN. IGV has ominous trading signs and the Nasdaq can easily take a swing. They will all sell if that happens. That moment could also be a starting point for accumulating IGV.
$IGV has everything but $SAP since it’s North American only.
When SaaS and IGV rallies, it doesn't really take MSFT. When it eats fat dick, MSFT goes down even harder lol.
MAGS and IGV seem like good places to hide. Semi trade is over. So much of the data center story is already priced in. Lag7 have the best earnings and are flat for the year. Software is the best source of innovation.
people were asking yesterday if it is possible to IGV and SMH to go up at the same time. Well today we found out they can go down at the same time
I'm glad no one ever mentions IGV in here before it's the only thing that has consistently made me money all year.
Since when does QQQ become reverse IGV? 🤣
IBM news was supposed to be a good news for semis. SaaS etf IGV dropped below 50 day moving average but bounced back and closed above it. IBM news only affected IBM mostly and most SaaS stocks closed way above their open price. I think this is bullish for SaaS.
IGV and SOXX working on the same day? It’s witchcraft
I'm using gold where I used to use bonds. I've done a zillion correlation analyses. Gold is very interesting because it is not correlated with anything else, except other precious metals like silver. So 5% to 15% gold is a decent portfolio diversification. Gold has recently come down in price, to about $4,000/oz, which is a decent entry point. The people following gold, doing technical analysis charts, think it's possible that gold could go down to mid $3,000s as the very bottom, but in the upcoming years should do nicely. Gold's historical returns for the past 30 years are about equal to the S&P500. I use the IAU ETF which tracks with gold, minus a 0.25 expense ratio. As a hedge against AI, I'm using the software sector IGV ETF. This sector is oppositely correlated with the AI trade. It's been hammered down a lot, but the companies are actually doing just fine and look very attractive. Energy sector (oil & gas), e.g. XLE ETF is good to have with these oil prices. And the refining prices too, which most are not hearing about, but the "crack spread" (difference in price between refined product & crude oil) are at all time highs. This is a cyclical industry, I wouldn't hold it forever. Maybe for a year? I'll have to play it by ear.
MSFT is part of the IGV index, which is tanking
IBM bombing IGV and software bols randomly on premature earnings 🫡
Dear stock gods, please let the IGV sell off today and I promise to stop vibe trading.
Agreed, sucks that IGV keeps rallying but it will pass
They will just run AAPL IGV and software and SPY ends flat. Bears lose again.
My IGV calls got IV crushed so bad
🌽 has been correlated with IGV since last October. I have zero crypto holdings but if 🌽 runs, you can bank on IGV and software running
that's why i'm just holding IGV for a few months until recovery.
Friday’s are for IGV
I’ve tried owning Microsoft a few times. Made some short term money and got out every time. It seems like such an obvious play here but the market is punishing it until it sees an ROI and cash flow coming back. I prefer to own IGV because it already has Microsoft exposure.
If you are concerned that AI-related stocks are taking up a disproportionate amount of the market share, a good hedge is the software sector. IGV ETF for example. AI and software have been oppositely correlated in recent times. Whenever AI goes down, software goes up. The software sector is a particularly good value buy at this time. People thought that AI would devastate software sector, so it's been hammered down. But most of these software companies are doing fine, have little debt, have good income, and have very good P/E ratios.
MAG7 down on average more than 1%, IGV (proxy for SaaS) up a smidge. The only tech sector ripping today is semis, but ripping enough to pull the 100 biggest tech stocks up over 1%. I’ll take it, but definitely feels fragile.
Rotation is lightning fast. IGV dead again SMH rocket
Curious to see if this impacts software $IGV today. Already seeing some pressure with $IGV now under yesterday’s low and $IBM -4%
SOXX Hardware green and IGV software red market healing
$SOXX, $DRAM, $MU, $NVDA, and $EWY - Green $MSFT, $GOOG, $AMZN, $META, and $IGV - Red Please make sure you are buying the right dips, Boyz. Also, don't listen to the end-of-the-world peeps here who are bitter they don't have the balls to pull the trigger BTD on stocks that actually go up.